Strategy’s Michael Saylor was on Fox news with Lara Trump where he shared his story of stumbling upon Bitcoin that changed the fortune of his company and also emphasized on the future importance of BTC as digital gold.
Saylor said that the real appeal of Bitcoin lies in the fact that it’s saving strategy rather than a risk based investment.
“The real appeal of BTC is that people don’t invest or risk their money with it but actually save it. So Bitcoiners would say we are not investing, we are saving it, this is savings technology. What if you take your entire life savings and put it into a bank in cyber space. It promises to never freeze your funds, it isn’t run by humans, its run by incorruptible software and you are gonna go to sleep for a decade. We want to know that we control it and not the bank, government or the mayor or the CEO,” said Saylor.
During the interview, Saylor also shared his journey of adopting Bitcoin as part of Strategy’s core operations.
“In 2013, I had heard about Bitcoin but I didn’t need it and I just dismissed it as an oddity. Then in 2020, my company was facing an existential crisis and I realized that it was either fast death, or a slow death or I needed to take risks and transform the business. So what we did is, we looked for something like digital gold that we could purchase on our company’s balance sheet and save us in future and that’s how i came across BTC,” said Saylor.
Saylor also gave an overview of what the world would look like with Bitcoin as primary digital gold asset “I
“I think world is going to embrace bitcoin and it will find its way into the software of Microsoft, Google, Amazon and Apple. Banks are going to embrace BTC and offer loans against it. Yoga studios, restaurants, small businesses will increasingly use BTC to raise capital innovatively,” said Saylor.
Also Read: “Sell a kidney, but keep the Bitcoin” – Michael Saylor
